DeLabs’ y00ts NFT project to migrate to Ethereum mainnet
DeLabs’ y00ts NFT profile picture (PFP) project is set to migrate from Polygon to Ethereum mainnet, joining the startup’s DeGods collection. The news comes ahead of the reveal of DeGods’ “Season 3” content. DeLabs had previously migrated from Solana to Polygon and is now making another move to align their PFP collection on the same chain as DeGods. The migration date has not been announced yet. Polygon Labs, the company supporting Polygon blockchain development, had granted DeLabs $3 million to move from Solana but the entire grant will now be returned as the project departs the Polygon ecosystem. A portion of the funds will be used to support Polygon-native builders and creators.
Key points:
- DeLabs’ y00ts NFT project is migrating from Polygon to Ethereum mainnet to align with the DeGods collection.
- Polygon Labs provided a $3 million grant to DeLabs for the initial migration, but the grant will now be returned as the project leaves the Polygon ecosystem.
- The returned funds will be used to support Polygon-native builders and creators.
- DeGods is one of the most valuable NFT projects, with a collection entry price of 8.75 ETH.
- The market has reacted positively to the news, with the floor price of y00ts NFTs increasing on the OpenSea marketplace.
Hot Take:
The migration of DeLabs’ y00ts NFT project to Ethereum mainnet reflects their desire to bring their communities together and align with the more prominent DeGods collection. This move is expected to further drive the growth of the Polygon PFP ecosystem. The market has responded positively to the news, with the floor price of y00ts NFTs experiencing a boost. Overall, this migration highlights the dynamic nature of the NFT space and the importance of strategic chain alignments for project success.
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